ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

SettlementSubscribe to Settlement

The Judiciary and the Stressed Assets Resolution

When defaulting borrowers are unable to pay their overdue amounts, the matter invariably lands up with the courts for settlement through a court-regulated process of lenders taking possession of assets and their sale. However, recently some borrowers have challenged the resolution scheme designed by the Reserve Bank of India. The outcome of the judiciary-led resolution processes in the past and the recent judicial intervention are examined.

Recycling the Urban

The paper explores the interfaces of urbanisation, settlement practices, and issues of labour migration and displacement in contemporary Kolkata. It starts with interrogating a historical narrative of urbanisation and zoning practices in the city in the 1960s and picks out few threads which still seem relevant in studies of contemporary modes of urbanisation. It studies in some detail the practice of "thika tenancy" in the Kolkata slums--the most prominent site of habitation of the migrant workers in the city. It challenges the hypothesis of the "bypass model" of urbanisation in Kolkata and introduces the concept of "urban recycling," which facilitates a continuous juxtaposition of displacement and accumulation of human and other resources as part of the urbanisation process.
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